Real Estate: Boom In North Hyderabad With The New IT Park

[Anta Assamey]

It was in the year 2007 that Hyderabad saw a blowout boom in Real Estate. The boom gave a huge boost to the areas in 20 km radius around the Madhapur IT hub.The place has almost saturated today with huge growth in the land prices.

The advent of several IT companies and the expansion of capital investment in the Financial District area has made the area very expensive.  

Similar boom is expected now in the not much tapped Northern Hyderabad between Medchal and Manoharabad. 

KT Rama Rao, the IT Minister of Telangana has laid the foundation stone at the Kandlakoya IT Park today. The IT Park can accommodate more than 100 companies and is expected to create over 50,000 jobs. 

"This IT park is going to give a huge impetus to the Real Estate business in Medchal-Manoharabad area. A good number of residential plots have been vacant in these areas and now it is expected that the ace builders like My Home, Aparna, Rajapushpa, Aurobindo etc may begin their land procurement in the stretch between Kandlakoya and Manoharabad'', said Rajneesh Solanki, a Realtor. 

"The years down the line may also see the arrival of International Schools and Star Hotels in this region. It all depends on how soon the IT park comes into functioning. Well, it won't stop with one IT building in fact. The IT boom in Madhapur was started with the inauguration of Hitec City in 1998. We have seen how much growth was seen in the 20 km radius of that place year by year with the arrival of hundreds of companies around", he added. 

This shows the potential of this untapped area growing big on par with that of the Financial District and Gachibowli in near future. 

On the other hand, the Eastern Hyderabad area around Nagole, LB Nagar and Uppal is also going to see a similar boost in Real Estate business with the new five IT Hubs sanctioned for this region by the government of Telangana. This area has been bustling with population for more than two decades. It's going to be an extra pep for the region. Already the gated communities are under construction in the Uppal region.  

Government of Telangana has taken the decision to distribute the IT population in all the directions of Hyderabad instead of concentrating all of them in the West Zone of the city. 

"The Real Estate investments in Northern Hyderabad proves to be wise as the land prices have the potential to increase in geometric proportion with the new IT Park around. If the investment has to see phenomenal growth in a few years, planting the money in the 20 km radius of the new IT Park in Kandlakoya region proves to be intelligent investment", said an insider in the Urban Development department of the state. 

Not only IT, but the city of Hyderabad has the potential to be the biggest industrial hub in South India as it has the scope to expand in all the directions unlike Mumbai and Chennai. 

An insider in the government says, "There are plans to bring some car manufacturing companies to Hyderabad. The favorable hub is being considered to be the Northern Zone as of now". 

Above all this, the proposed 330 Km Regional Ring Road is expanding Hyderabad beyond the GHMC limits, making the city stretch its horizon of development. The proposal was made in 2018 connecting almost 24 villages in a circle around the Outer Ring Road. The RRR was aligned 30 km away from the operational 158 km Outer Ring Road (ORR). Nothing has been moved so far owing to the pandemic issue in the last two years. If the land procurement begins for this purpose then, that becomes a bigger catalyst for IT boom in all the directions of Hyderabad.

[naranjaX]

Just laying foundation for an IT park doesn't mean ... by the time it reaches to the stature of west Hyderabad it would be atleast another decade or two

[chandrabhai7]

Thanks ysr 

[ranam_007]

price?

[Android_Halwa]

ivi maa hyderabad suttu roju jarigeve kada...

Kandalakoya ante...malla reddy gattigane enkala esi vuntadu...ie IT park suttu malla reddy alais anguti ka nishani gaadi jaagale vundi vuntayi...

[Android_Halwa]

42 minutes ago, naranjaX said:

Just laying foundation for an IT park doesn't mean ... by the time it reaches to the stature of west Hyderabad it would be atleast another decade or two

Maa hyderavad la alag nadustadi...mundu real estate develop chesi kanipichina plot alla ammipadesinaka.......atarvata IT parks ostayi..

[naranjaX]

Just now, Android_Halwa said:

Maa hyderavad la alag nadustadi...mundu real estate develop chesi kanipichina plot alla ammipadesinaka.......atarvata IT parks ostayi..

Is the real estate hot in that area now? How are the prices compared to Hyderabad east or west ?

[Android_Halwa]

1 minute ago, naranjaX said:

Is the real estate hot in that area now? How are the prices compared to Hyderabad east or west ?

well, it looks like real estate is not hot...anduke ie trick antha..! It will become hot now.

Jokes apart, Location aithe manchi strategic location. Can become a satellaite township for North Telangana. 

Suchitra, Kompally used to be city's entry points in the North...Kandalakoya will become a new entry point, with expensive luxury homes and markets...everything will be newly built so can expect the area to become a good hot spot...If I was a local there, I will buy a plot.

[naranjaX]

2 minutes ago, Android_Halwa said:

well, it looks like real estate is not hot...anduke ie trick antha..! It will become hot now.

Jokes apart, Location aithe manchi strategic location. Can become a satellaite township for North Telangana. 

Suchitra, Kompally used to be city's entry points in the North...Kandalakoya will become a new entry point, with expensive luxury homes and markets...everything will be newly built so can expect the area to become a good hot spot...If I was a local there, I will buy a plot.

Good post ... Hopefully the city spreads around 

[pakeer_saab]

3 hours ago, naranjaX said:

Just laying foundation for an IT park doesn't mean ... by the time it reaches to the stature of west Hyderabad it would be atleast another decade or two

KCR is any day better than congress, some cases even TDP

[Android_Halwa]

2 minutes ago, pakeer_saab said:

KCR is any day better than congress, some cases even TDP

Konni vishayallo KCR is efficient ani chepochu…at least he identified the basic needs and spent good amount of money on creating infra to support minimum life conditions. 
 

Clean drinking water is the basic need. Even I used to mock him…inti inti ki nalla pedutha ante mazaak chesinam…oorla Maa intla nalla vundi ivala..we now have access to clean drinking water. Okappudu summer la tractors teesukuni vere ooriki poi drinking water teesukochetollu

[pakeer_saab]

7 minutes ago, Android_Halwa said:

Konni vishayallo KCR is efficient ani chepochu…at least he identified the basic needs and spent good amount of money on creating infra to support minimum life conditions. 
 

Clean drinking water is the basic need. Even I used to mock him…inti inti ki nalla pedutha ante mazaak chesinam…oorla Maa intla nalla vundi ivala..we now have access to clean drinking water. Okappudu summer la tractors teesukuni vere ooriki poi drinking water teesukochetollu

happiness index is very in TG than ever been before, water line, trash pickup even in rural areas and inner villages is massive development by any means, enta tinna 50% aina definate ga people ki reach avutundi, it used to be 10% for congress

[pakeer_saab]

Just now, pakeer_saab said:

happiness index is very in TG than ever been before, water line, trash pickup even in rural areas and inner villages is massive development by any means, enta tinna 50% aina definate ga people ki reach avutundi, it used to be 10% for congress

probably being possible due to high property taxes and revenue from hyderabad

[pakeer_saab]

2 hours ago, naranjaX said:

Good post ... Hopefully the city spreads around 

with metro expansion, distant areas koda rise ayipotaayi

[jalsa01]

Antha air bubble.. except west other areas lo it development ante just paper cutting varake... past 10 yrs nunchi chustunna not significant development in other areas apart from West.. 

 

Aadibatla tcs vachinappudu maro madhapur ani lot of ppl invested.. eppatiki ade tcs tappa no other companies and aa tcs vadu kuda balavantamga move chestunnadu staff ni..

same case with infy pocharam.. genpact tappa inka pedda companies rale over past 10 yrs.. land rates ite inflate chesi paresaru last 3-4 yrs lo but not improvement in terms of companies in that area